Mainstream Development Corporation

Nonprofit profile at a glance

EIN
582052926
IRS 990-EZ coverage
2010–2025
Forms available
Form 990-EZ 2025
Location
Muscle Shoals, AL, USA
Phone
2563813826
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Neighborhood Centers

Reported finances

Revenue
$16,500
Expenses
$9,636
Assets
$6,987
Liabilities
$9,673

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

1 person listed

Executive titles in this filing

  • FREDDIE HOGAN (PRESIDENT AN)

People named in this filing

  • FREDDIE HOGAN (PRESIDENT AN)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide small business technical assistance, marketing/advertising assistance and capital formation referral services to small minority business in service area.

What it reported doing in 2025

Projects will provide business technical assistance designed to grow and retain small and minority businesses in the northwest Alabama region. Held quarterly business development workshops for small business owners to help them complete succession plans and assist with generational transfer of their businesses in order to retain existing jobs.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 74
  • Transparency & Controls: 100
  • Sustainability: 59
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 58.4%; rating input score 58
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 41.6%; rating input score 87; 87th percentile among comparable filings
  • Total-asset coverage ratio: 0.73; rating input score 39; 39th percentile among comparable filings
  • Liabilities to assets ratio: 1.38; rating input score 3; 3rd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -10.9% per year; rating input score 0; 27th percentile among comparable filings
  • Revenue growth: -10.9% per year; rating input score 0; 23rd percentile among comparable filings
  • Asset growth: -7.8% per year; rating input score 0; 20th percentile among comparable filings

Details

  • Where the money goes: 58.4% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $10K in reported program spending
  • Leadership: top reported pay $0 · 1 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 16 filing years from 2010 to 2025
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Mission deployment rate scored 58/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 39/100.
  • High — Sustainability: Liabilities to assets ratio scored 3/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.